CHANGE: “I will be shorting US bonds,” Veteran investor Jim Rogers “said on Wednesday he plans to short US bonds and sees more currency turmoil in the markets this fall,” CNBC reports:
Bonds in the US have been in a bull market for 30 years, Rogers said.”In my view that’s coming to an end…the bond bulll market is coming to an end. If any of you have bonds I would urge you to go home and sell them. If any of you are bond portfolio managers I would get another job,” he said.
Addressing one bond portfolio manager among conference delegates, Rogers said: “If I were you I would think about becoming a farmer. You buy land and learn how to farm.”
It could be quite a growth industry in areas that have been heavily stimulated by the government.